## **Trustees’ Annual Report for the period**
**From 05.04.2020 Period start date To 04.04.2021 Period end date**
## **Charity name: Ben St Joseph Trust**
## **Charity registration number:1177551**
## **Objectives and Activities**
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SORP reference
Summary of the Para 1.17 The Ben St Joseph Trust was set
purposes of the charity up to provide
as set out in its grants/scholarships/maintenance
governing document allowances to young people to
further their education, skills and
capabilities, and social
development
Summary of the main Para 1.17 and Funds will be built up over the
1.19
activities in relation to first 3-4 years of the charity, until
those purposes for the such time as investment income
public benefit, in is sufficient to release money for
particular, the activities, grants without stopping growth
projects or services of capital.
identified in the
accounts.
Statement confirming Para 1.18 Grants will be available for the
whether the trustees public benefit once funds allow.
have had regard to the
guidance issued by the
Charity Commission on
public benefit
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## **Additional information (optional)**
You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38
Contribution made by volunteers Other
## **Achievements and Performance**
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SORP reference
In June 2020 the Trust began to
transfer funds for investment,
aiming to increase the capital to
Summary of the main around £100,000 at which point
Para 1.20
achievements of the the annual return should be
charity, identifying the sufficient to start distributing
difference the charity’s grants whilst safeguarding the
work has made to the capital for the future. £45,000
circumstances of its was invested during the year
beneficiaries and any with Finn and Co, a company with
wider benefits to society which the trustees are familiar
as a whole. and in whom they have
confidence of appropriate
investments being made
according to the wishes of the
trustees.
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## **Additional information (optional)**
You may choose to include further statements where relevant about:
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Achievements against Para 1.41
objectives set
Performance of
fundraising activities Para 1.41
against objectives set
Investment performance Para 1.41
against objectives
Other
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## **Financial Review**
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Review of the charity’s Para 1.21 At the end of the financial year,
financial position at the funds stood at £8,080 in a
end of the period Barclays Community Account. A
further £50,816 Is in investments
Statement explaining Para 1.22 It is the intention to achieve an
the policy for holding initial reserve of £100,000, the
reserves stating why income from which will be used
they are held as above.
Amount of reserves held Para 1.22 £58,896
Reasons for holding zero Para 1.22 n/a
reserves
Details of fund materially Para 1.24 n/a
in deficit
Explanation of any Para 1.23 No uncertainty
uncertainties about the
charity continuing as a
going concern
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## **Additional information (optional)**
You may choose to include further statements where relevant about:
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The charity’s principal
sources of funds Para 1.47
(including any
fundraising)
Investment policy and
objectives including any Para 1.46
social investment policy
adopted
A description of the Para 1.46
principal risks facing the
charity
Other
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## **Structure, Governance and Management**
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Description of charity’s
trusts:
Type of governing Para 1.25 Trust Deed
document
(trust deed, royal
charter)
How is the charity Para 1.25 CIO
constituted?
(e.g unincorporated
association, CIO)
Trustee selection Para 1.25 By invitation
methods including
details of any
constitutional provisions
e.g. election to post or
name of any person or
body entitled to appoint
one or more trustees
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## **Additional information (optional)**
You may choose to include further statements where relevant about:
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Policies and procedures
adopted for the induction Para 1.51
and training of trustees
The charity’s
organisational structure Para 1.51
and any wider network
with which the charity
works
Relationship with any Para 1.51
related parties
Other
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## **Reference and Administrative details**
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Charity name Ben St Joseph Trust
Other name the charity
uses
Registered charity 1177551
number
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||Charity’s principal
address|Mell Farm, Tollesbury, Maldon, Essex CM98SS||
|---|---|---|---|
|||||
## **Names of the charity trustees who manage the charity**
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Name of person (or body)
Dates acted if not for
Trustee name Office (if any) entitled to appoint trustee
whole year
(if any)
1 Vivien St Joseph
Andrew St
2
Joseph
3 Emma Howland
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
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Corporate trustees – names of the directors at the date the report was approved **Director name**
Name of trustees holding title to property belonging to the charity
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Trustee name Dates acted if not for
whole year
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**Funds held as custodian trustees on behalf of others**
Description of the assets held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
## **Additional information (optional)**
## **Names and addresses of advisers (Optional information)**
**Type of Name Address adviser**
**Name of chief executive or names of senior staff members (Optional information)**
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
## **Other optional information**
## **Declarations**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
**Signature(s)**
**Full name(s)** Anne Vivien St Joseph
**Position (eg** Chair **Secretary, Chair, etc)**
**Date** 01.11.2021
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Charity Name No (if any)
Ben St Joseph Trust
Receipts and payments accounts
For the period Period start date Period end date
To
from 05.04.2020 04,04,2021
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds
funds funds funds
to the nearest
to the nearest £ to the nearest £ to the nearest £
£
A1 Receipts
21.04.2020 5,000 - - 5,000
01.06.2020 1,500 - - 1,500
08.06.2020 1,625 - - 1,625
26.06.2020 5,000 - - 5,000
01.07.2020 1,500 - - 1,500
05.08.2020 1,625 - - 1,625
25.03.2021 5,000 - - 5,000
26.03.2021 3,000 - - 3,000
24,250 - - 24,250
Sub total (Gross income for AR)
A2 Asset and investment sales,
(see table).
- - - -
- - - -
Sub total - - - -
Total receipts 24,250 - - 24,250
A3 Payments
05.06.2020 1,000 - - 1,000
09.06.2020 34,000 - - 34,000
18.08.2020 10,000 - - 10,000
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
Sub total [ 45,000 ] - - 45,000
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - -
Total payments 45,000 - - 45,000
Net of receipts/(payments) - 20,750 - - - 20,750
A5 Transfers between funds - - - -
A6 Cash funds last year end - - - -
Cash funds this year end - 20,750 - - - 20,750
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## **Section B Statement of assets and liabilities at the end of the period**
||||**Unrestricted**||**Restricted**|
|---|---|---|---|---|---|
|**Categories**|**Details**||**funds**||**funds**|
|**B1 Cash funds**|Bank balance|**_Total cash funds_**|**to nearest £**
**8,080**
**-**
**-**
**8,080**|
|**to nearest £**
**-**
**-**
**-**
**-**|
||(agree balances with receipts and payments
account(s))||Agreement Error|OK||
||||**Unrestricted**||**Restricted**|
||||**funds**||**funds**|
|**B2 Other monetary assets**|**Details**||**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**|
|**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**|
|**B3 Investment assets**|**Details**
Investment fund||**Portfolio**
**Fund to which**
**asset belongs**|**Cost (optional)**
**-**
**-**
**-**
**-**||
|**B4 Assets retained for the**|**Details**||**Fund to which**
**asset belongs**|**Cost (optional)**
**-**||
|**charity’s own use**||||
|**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|
||||**Fund to which**||**Amount due**|
|**B5 Liabilities**|**Details**||**liability relates**|
|**-**
**-**
**-**
**-**
**-**
**(optional)**|
|Signed by one or two trustees on
behalf of all the trustees||Signature|Print|Name||
||||A.V.St|Joseph||
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CC16a
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**Last year**
## **to the nearest £**
**13,250**
**13,250**
**-**
**13,250 - - 13,250**
## **Endowment funds**
**to nearest £ - - - -**
OK
**Endowment funds to nearest £ - - - - - -**
**Current value (optional) 51,264 - - - -**
**Current value (optional) - - - - - - - - - When due (optional)**
Date of approval 01.11.2021